Energy/Automotive News Nov. 2, 2023| WTI Crude @ $82.45/bbl, Brent @ $86.81/bbl
London, 02 November, 2023, (Oilandgaspress): – Oil gained 1% on Thursday after the U.S. Federal Reserve kept benchmark interest rates on hold. Fed kept its benchmark interest rate unchanged at 5.25%-5.50% at its latest meeting on Wednesday.
First photos of the all-new BMW X2 went around the world: Now, it is rolling off the assembly line at BMW Group Plant Regensburg. From now on, different types of drive train will be flexibly manufactured in Regensburg on a single production line – from models with internal combustion engines, to plug-in hybrids, to fully-electric vehicles. Up to 1,000 BMW 1 Series, BMW X1 and BMW X2 models are currently coming off the production line at BMW Group Plant Regensburg every workday – destined for customers worldwide. BMW iX2 xDrive30:
Power consumption combined (WLTP): 17.7-16.3 kWh/100 km, fuel consumption combined (NEDC): –, CO2 emissions: 0 g/km, (NEDC): –, Range: 417-449 km (WLTP).
BMW X2 M35i xDrive:
Fuel consumption combined (WLTP): 8.0-7.7 l/100km, Fuel consumption combined (NEDC): – ,CO2 emissions combined (WLTP): 181-174 g/km, CO2 emissions combined (NEDC): –.
BMW X2 sDrive20i:
Fuel consumption combined (WLTP): 6.5-6.0 l/100 km, fuel consumption combined (NEDC): – , CO2 emissions combined (WLTP): 148-136 g/km,
CO2 emissions combined (NEDC): – ,
BMW X2 sDrive18d:
Fuel consumption combined (WLTP): 5.5-5.1 l/100 km fuel consumption combined (NEDC): – ,CO2 emissions combined (WLTP): 145-133 g/km,
CO2 emissions combined (NEDC): Read full article
| Oil and Gas Blends | Units | Oil Price US$/bbl | Change |
| Crude Oil (WTI) | USD/bbl | $82.45 | Up |
| Crude Oil (Brent) | USD/bbl | $86.81 | Up |
| Bonny Light | USD/bbl | $88.19 | Down |
| Saharan Blend | USD/bbl | $87.88 | Down |
| Natural Gas | USD/MMBtu | $3.46 | Down |
| OPEC basket 01/11/23 | USD/bbl | $88.56 | Down |
Baker Hughes Rig Count: U.S. +1 to 625 Canada -2 to 196
U.S. Rig Count is up 1 from last week to 625 with oil rigs up 2 to 504, gas rigs down 1 to 117 and miscellaneous rigs unchanged at 4.
Canada Rig Count is down 2 from last week to 196, with oil rigs up 1 to 122, and gas rigs down 3 to 74.
| Region | Period | Rig Count | Change |
| U.S.A | 27 October 2023 | 625 | +1 |
| Canada | 27 October 2023 | 196 | -2 |
| International | September 2023 | 940 | -12 |
Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has supplied the first batch of state-of-the art Ultra EV air-conditioned electric buses to Srinagar Smart City Limited, via TML Smart City Mobility Solutions (J&K) Pvt Ltd, a Tata Motors Group company. The delivery of the electric buses is a part of its larger order to supply, maintain and operate 100 electric buses in Srinagar and 100 electric buses in Jammu, for a period 12-years for Jammu and Srinagar Smart City projects. The collaboration is a part of an initiative of Housing and Urban Development Department, Government of Jammu & Kashmir to establish an environmentally and financially sustainable network of public transport for Srinagar. The zero-emission buses are indigenously built on a next-gen architecture, equipped with latest features, and powered by advanced battery systems. They are designed to provide a safe, comfortable and convenient intra-city commute across the city of Srinagar.
The fleet of e-buses was flagged off by Shri Manoj Sinha, Hon’ble Lieutenant General, J&K, Shri Arun Kumar Mehta, Chief Secretary, J&K, Shri Junaid Azim Mattu, Hon’ble Mayor, Srinagar, Shri Prashant Goyal, Principal Secretary, H&UDD, J&K, Shri Vijay Kumar Bidhuri, Divisional Commissioner, Kashmir & Chairman, Srinagar Smart City, Shri Prasanna Ramaswamy, Administrative Secretary, Transport Department, J&K, Shri Athar Aamir Khan, IAS, Commissioner, Srinagar Municipal Corporation & CEO, Srinagar Smart City along with delegates from Government of J&K, Municipal Corporation of Srinagar and Tata Motors. Read full article
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